DSP Black Rock Mutual Fund has filed an offer document with SEBI today for to seek approval for its DSPBR Dynamic Asset Allocation Fund.
DSPBR Dynamic Asset Allocation Fund is an open-ended fund of fund which will invest in DSP BlackRock Equity Fund and s DSP BlackRock Strategic Bond Fund. The scheme will allocate between equity mutual funds and debt mutual funds based on the relative value between equity and debt markets.
The scheme comes with growth and dividend options. The minimum application amount is Rs 5,000 for lump sum investments and Rs 500 for SIPs. The scheme will have an exit load of 1% if redeemed before one year. The scheme will be benchmarked against CRISIL Balanced Fund Index.
The scheme will be managed by Apoorva Shah and Kushal M. Choksi.
